Property listed by Coldwell Banker Realty, Kimia Vakili 949-812-8913
402 E Glendale Drive
Orange, CA 92865
$1,425,000
Investor Opportunity! Immediate cash flow with two quality tenants already in place. Unit 402 is leased at $3,500/month and Unit 404 is leased at $3,850/month, generating $7,350/month ($88,200 annually) in gross rental income. Both tenants are on one-year lease agreements and have expressed interest in remaining long-term, providing a stable,… Read More turnkey investment from day one. 402 & 404 E Glendale Drive presents an exceptional opportunity to acquire a beautifully renovated duplex in one of North Orange's most desirable and rarely available neighborhoods. Located along the highly sought-after Glendale Drive duplex row, this single-story property features two spacious 3-bedroom, 2-bathroom units with mirror-image floor plans. Each residence offers a private entrance, attached garage, enclosed side patio, rear patio, brand new laundry units, and a comfortable, functional layout that appeals to long-term tenants. Both units have been extensively renovated with quality upgrades designed to minimize future maintenance and maximize rental appeal. Improvements include luxury vinyl plank flooring, remodeled kitchens and bathrooms with modern granite countertops and updated cabinetry, brand-new ranges and vent hoods, electric fireplaces, LED recessed lighting throughout, brand-new central heating and air conditioning systems, upgraded electrical panels, new water heaters, a brand-new roof and gutters, new garage doors with automatic openers, and numerous additional improvements. Whether you're looking to expand your real estate portfolio with a turnkey, income-generating asset or secure a long-term investment in a strong rental market, this property checks every box. With two tenants already in place, extensive recent renovations, and a highly desirable location surrounded primarily by single-family homes, this is a rare opportunity to acquire a low-maintenance duplex with immediate cash flow and excellent long-term appreciation potential. Investment opportunities like this rarely become available, don't miss your chance to own one of Glendale Drive's premier duplex properties. Read Less
Listing Snapshot
Days Online
13
Last Updated
Property Type
Duplex
Lot Size
0.21 Acres
Year Built
1972
MLS Number
OC26149678
Additional Details
Appliances & Equipment
Dryer, Washer
Building
Built in 1972, 1 building, 1 storey, Levels: One, Entry level: 1, Entry location: Front Door
Community
Suburban, Sidewalks
Cooling
CentralAir
Expenses
Insurance: $1,440, Operating: $600
Fireplaces
Electric
Garage
3 spaces
Home Owner's Association
Association Fee: $0
Income
Gross Income: $88,200, Gross ScheduledIncome: $88,200, Net Operating Income: $88,700
Laundry
InGarage
Lot
0.21 acres, TwoToFiveUnitsAcre
Parking
3 total parking spaces, Driveway, Garage, OnStreet
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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